Identify the Correct Statement About Workers

question 102

Multiple Choice

Identify the correct statement about workers.

• A)Their contribution to the productive process remains constant as they grow older, and they earn less.
• B)They acquire job experience, and their earnings increase with an increase in their ages.
• C)Industrial deregulation has increased the pay for workers with less education.
• D)Declining unionization has increased the pay for workers with less education.
• E)Migration of workers has increased the pay for workers with less education.

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Definitions:

Unemployment Rate

The percentage of the labor force that is jobless and actively looking for employment, used as an indicator of the health of an economy.

G.I. Bill

Enacted in 1944, a law that provided various benefits to returning World War II veterans, including educational grants and loan guaranties for homes.

FHA Loans

Mortgages insured by the Federal Housing Administration, designed to help borrowers obtain homes by lowering some of the costs of their mortgage loans.

Baby Boom

The significant increase in the birth rate observed in various countries, particularly in the United States, following World War II, from approximately 1946 to 1964.